It seems like there is no end in sight!
For the 16th consecutive week, foreign investors continued to flood the market with local equity sales, withdrawing almost RM169.4 million.
Although this figure is lower than the previous week's RM503.3 million, this trend continues, is Malaysia losing its appeal?
In an increasingly worrying situation, local institutions emerged as the 'last bastion', injecting RM194.2 million to cushion the fall.
Without these institutions, Bursa may have collapsed completely.
However, retail investors did the opposite, pulling out RM24.8 million, ending their four weeks of aggressive buying and entering their second week as net sellers.
In terms of sectors, financials, construction, and technology still attracted foreign capital, but the utilities, industrials, and energy sectors became 'big sell-offs'.
The question is, is this a sign that the local market is about to recover, or are we just witnessing the beginning of a more devastating fall?
